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Monday, August 13, 2007

IAC Releases White Paper on CFO-CIO Collaboration

FAIRFAX, Va. – August 13, 2007 – The Industry Advisory Council’s (IAC) Collaboration and Transformation Shared Interest Group’s Financial Management Committee today announced the release of a white paper examining the business value of collaboration between Chief Information Officers (CIO) and Chief Financial Officers (CFO.)

The paper explores the challenges and opportunities of collaborating within a public sector organization. Collaboration offers an opportunity to leverage the relative strengths of CFO’s, CIO’s, and Program Managers to identify common outcomes in delivering desired results.

The paper examines programs from several well-known agencies and shows that CFO and CIO collaboration smoothes implementation, mitigates risks, and succeeds even in instances where individual rewards are different. The spotlighted programs demonstrate that successful collaboration in government comes from example instead of by directive.

The paper also highlights the importance of understanding areas outside the core competence of an organization or individual. Recognizing and accepting the limitations of one person or organization can lead to increasing knowledge through collaboration and professional development in other areas.

Download the paper at: http://www.actgov.org/actiac/documents/pdfs/CFOCIOCollabPaper.pdf

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